🧭 MSTR True North episode 58: A deep dive into Bitcoin’s evolving capital markets, covering digital credit, private credit risks, institutional adoption, and the financial innovations shaping the future of money, markets, and technology.

🎛️ As of this recording, 3/11/26, Strategy's (MSTR) performance:

Open: $139.81
Close: $138.33
Volume: 15.6M Shares
mNAV: ~1.21
Market Cap: ~ $46.16B
BTC: 738,731

⏱️ TIMESTAMPS & INSIGHTS:

00:00:00 - Intro
00:03:09 - Digital Credit Opportunity: Early adoption and institutional awareness gap
00:06:35 - Bear Market Capital Raise: Strategy raises $1.2B to accumulate Bitcoin
00:09:04 - Monetary Debasement Risks: Expanding money supply and structural deficits
00:11:02 - Bitcoin Financial Instruments: Derivatives and securities built on BTC liquidity
00:14:45 - Volatility vs Yield Products: Bitcoin equity exposure versus income instruments
00:19:29 - Corporate Liquidity Allocation: Balance sheet tranching and treasury strategy
00:23:23 - Institutional Adoption Signals: Wall Street firms validating digital credit markets
00:27:30 - STRC Capital Expansion: Rapid capital raises and scalable credit structure
00:31:12 - Bitcoin Growth Projections: Modeling paths toward $1M–$2M Bitcoin prices
00:37:37 - Private Credit Market Cracks: Liquidity gates and systemic risks emerging
00:43:09 - Private Credit Illiquidity: Leveraged institutions exposed to opaque assets
00:46:30 - Rating Agency Barriers: Institutional adoption constrained by credit frameworks
00:47:33 - Rating Agency Constraints: Insurance leverage and institutional capital rules
00:52:34 - STRC Confidence Signals: Strong investor conviction and refusal to sell below par
00:56:13 - STRC Price Floor Strategy: Incentives preventing sales below par value
01:00:05 - Retail Demand Expansion: Growing investor interest in monthly yield products
01:06:05 - Investor Transparency Tools: Dashboards simplify yield and risk analysis
01:12:15 - Bitcoin Balance Sheet Thesis: Corporate strategy and macro risk positioning
01:15:54 - Probabilistic Risk Management: Avoid mispricing volatility risks
01:18:17 - Bitcoin Adoption Pathways: Yield products onboarding investors into Bitcoin
01:25:05 - Credit Market Foundations: Building track record for scalable digital credit products
01:29:04 - Technology Adoption Uncertainty: Modeling disruptive innovations like Bitcoin
01:33:01 - Forecasting Bitcoin Models: Limits of projections in exponential markets
01:37:01 - Final Thoughts: Bitcoin momentum, institutional adoption, and capital market shift

MSTR TRUE NORTH LINKS:

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X: https://x.com/MSTRTrueNorth
🛒 MERCH: https://thehodlshop.com/collections/t …
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Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.

Is The Tide Turning? | True North Podcast | Ep. 58